馃挜 $COW Liquidation Alert: Bulls Take a Hit at $0.65437鈥擶hat鈥檚 Next? 馃挜
A major $15.153K long liquidation just happened at $0.65437, shaking out over-leveraged buyers. Such liquidations often test key support zones before the next significant move. Are you prepared to make your move?
What鈥檚 Next for $COW?
馃搲 Buy Zone:
Look to buy between $0.640 - $0.655, a potential support zone where bulls could regain control.
馃幆 Target Levels:
1. Short-Term: $0.680
2. Mid-Term: $0.710
3. Long-Term: $0.740
馃洃 Stop-Loss:
Set your stop-loss at $0.630 to protect your capital if the trend continues downward.
Key Market Insights:
1. Liquidation Fallout: Long liquidations clear weak positions, often paving the way for a recovery bounce if the support holds.
2. Breakout Potential: A move above $0.665 with increasing volume could signal the start of a bullish rally.
3. Market Sentiment: Watch for bullish confirmation, such as higher lows or a surge in buying interest.
Trading Strategy:
Wait for Confirmation: Ensure the $0.640-$0.655 zone holds as support before entering.
Stick to Your Plan: Always use a stop-loss to manage risk.
Take Profits Gradually: Book profits at each target to maximize gains while staying in the trade for further upside.
$COW might be setting up for a comeback鈥攚ill you capitalize on the opportunity or miss the action? Stay sharp and trade smart!
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